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Bunker Holding kicks off consolidation with acquisition of Glencore company

With the acquisition of one of the world's ten largest bunker companies through subsidiary KPI Bridge Oil, Bunker Holding has kicked off the consolidation of the bunker market. KPI's chief executive does not rule out more acquisitions.

Søren Høll, CEO, KPI OceanConnect. Photo: KPI Bridge Oil / PR

Bunker Holding's acquisition of Glencore's bunker company could be the kick-off to a much-anticipated consolidation of the bunker sector.

After the new sulfur regulation came into force at the turn of the year, requirements – in particular in terms of finances – for bunker suppliers have tightened, and some observers have thus speculated that there might be a need to gather the market on fewer hands.

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